Michigan Compiled Laws, Chapter 500. Insurance Code of 1956 § 500.3569

Sec. 3569. (1) Except as provided in section 3515(2),  1 a health maintenance organization shall assume full financial risk on a prospective basis for the provision of health services under a health maintenance organization contract.A health maintenance organization may do any of the following:

(2) If the health maintenance organization requires an affiliated provider to assume financial risk under the terms of its contract, the contract must require both of the following:

(3) For purposes of this section, a health maintenance organization requires an affiliated provider to assume financial risk if it shares with the affiliated provider, in return for consideration, a portion of the chance of loss, including expenses incurred, related to the delivery of health services to enrollees.The type of transactions under which a health maintenance organization may require an affiliated provider to assume financial risk under this section include, but are not limited to, full or partial capitation agreements, withholds, risk corridors, and indemnity agreements.